2292
s foods inc.
エスフーズ株式会社
Consumer Defensive · Farm Products
S Foods Inc., a meat company, engages in manufacture, wholesaling, retailing, and food servicing of meat-related food products in Japan. It offers products under the Kotechan brand; and seasonal and standard products. The company was formerly known as Stamina Foods Inc. and changed its name to S Foods Inc. in August 2000. S Foods Inc. was incorporated in 1967 and is headquartered in Nishinomiya, Japan.
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⚠ TSE Capital Mandate
P / Book
0.65×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥472.3B
¥444.5B
¥425.0B
¥399.2B
¥358.8B
Cost of Sales
¥418.7B
¥399.1B
¥373.1B
¥346.7B
¥302.8B
Gross Profit
¥53.6B
¥45.5B
¥51.9B
¥52.5B
¥56.0B
SG&A
¥43.2B
¥40.3B
¥39.2B
¥37.9B
¥38.6B
Operating Income
¥10.5B
¥5.1B
¥12.7B
¥14.6B
¥17.4B
Non-Operating Income
¥2.1B
¥1.8B
¥2.3B
¥1.8B
¥1.2B
Dividend Income
¥613M
¥603M
¥401M
¥376M
¥327M
Interest Income
¥433M
¥517M
¥411M
¥283M
¥27M
Non-Operating Expenses
¥849M
¥591M
¥610M
¥484M
¥582M
Interest Expense
¥630M
¥372M
¥282M
¥264M
¥271M
Ordinary Income
¥11.7B
¥6.4B
¥14.4B
¥15.8B
¥18.0B
Pre-tax Income
¥15.2B
¥6.5B
¥14.9B
¥16.5B
¥17.8B
Income Taxes
¥5.4B
¥3.3B
¥5.1B
¥5.5B
¥5.4B
Current Tax
¥6.9B
¥4.1B
¥4.2B
¥5.6B
¥5.1B
Deferred Tax
¥-1.5B
¥-785M
¥970M
¥-32M
¥247M
Net Income (owners)
¥9.2B
¥2.7B
¥9.1B
¥10.6B
¥11.9B
Minority Interest
¥526M
¥515M
¥664M
¥395M
¥436M
Comprehensive Income
¥13.9B
¥6.2B
¥13.2B
¥13.5B
¥13.8B
EBITDA
¥15.0B
¥9.6B
¥17.5B
¥19.2B
¥22.2B
Goodwill Amort. (J-GAAP)
¥148M
¥92M
¥62M
¥60M
¥107M
EPS
¥291.70
¥84.29
¥286.85
¥334.30
¥377.82
Shares Outstanding
31.7M
31.7M
31.6M
31.6M
31.6M
Shares Issued (total)
32.3M
32.3M
32.3M
32.3M
32.3M
Treasury Shares
0.6M
0.6M
0.6M
0.6M
0.7M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥251.4B
¥230.6B
¥224.2B
¥204.8B
¥181.5B
Current Assets
¥138.7B
¥128.5B
¥136.1B
¥127.8B
¥111.3B
Cash & Deposits
¥37.8B
¥41.6B
¥49.9B
¥46.9B
¥41.9B
Non-Current Assets
¥112.8B
¥102.1B
¥88.1B
¥77.0B
¥70.2B
PP&E
¥86.7B
¥80.5B
¥66.4B
¥59.1B
¥52.2B
Goodwill
¥338M
¥465M
¥253M
¥197M
¥257M
Intangible Assets
¥1.2B
¥1.5B
¥559M
¥586M
¥739M
Investment Securities
¥19.4B
¥14.4B
¥16.6B
¥13.9B
¥13.9B
Deferred Tax Assets
¥850M
¥1.0B
¥771M
¥1.2B
¥1.3B
Total Liabilities
¥110.8B
¥100.7B
¥97.7B
¥87.5B
¥75.4B
Current Liabilities
¥63.0B
¥56.6B
¥54.9B
¥55.6B
¥41.7B
Accounts Payable
¥30.0B
¥26.5B
¥25.8B
¥27.0B
¥22.5B
ST Debt
¥16.8B
¥17.8B
¥16.9B
¥17.9B
¥10.7B
Taxes Payable
¥5.1B
¥2.1B
¥2.0B
¥2.8B
¥1.8B
Non-Current Liabilities
¥47.8B
¥44.1B
¥42.8B
¥31.9B
¥33.6B
Total LT Borrowings
¥40.4B
¥37.7B
¥35.8B
¥27.3B
¥29.2B
Pension Obligations
¥1.8B
¥1.7B
¥1.8B
¥2.0B
¥1.9B
Deferred Tax Liab.
¥3.9B
¥3.2B
¥4.2B
¥1.6B
¥1.6B
Total Equity
¥140.7B
¥129.9B
¥126.6B
¥117.3B
¥106.2B
Capital Stock
¥4.3B
¥4.3B
¥4.3B
¥4.3B
¥4.3B
Capital Surplus
¥18.9B
¥18.8B
¥18.8B
¥18.8B
¥18.7B
Retained Earnings
¥92.1B
¥85.9B
¥86.0B
¥80.9B
¥72.6B
Treasury Stock
¥-373M
¥-390M
¥-397M
¥-407M
¥-410M
AOCI
¥17.2B
¥13.1B
¥10.1B
¥6.6B
¥4.0B
Equity (owners)
¥114.9B
¥108.7B
¥108.7B
¥103.5B
¥95.3B
Minority Interests
¥8.6B
¥8.1B
¥7.8B
¥7.2B
¥6.9B
Total Interest-Bearing Debt ⓘ
¥57.2B
¥55.5B
¥52.7B
¥45.2B
¥39.9B
Net Cash ⓘ
¥-19.5B
¥-13.9B
¥-2.9B
¥1.7B
¥1.9B
NCAV ⓘ
¥27.9B
¥27.7B
¥38.5B
¥40.3B
¥35.9B
NCAV/Share
¥880
¥877
¥1,215
¥1,275
¥1,136
BV/Share
¥3,628
¥3,434
¥3,436
¥3,273
¥3,013
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥8.8B
¥7.4B
¥9.0B
¥13.7B
¥7.6B
Interest Paid
¥-619M
¥-366M
¥-282M
¥-267M
¥-268M
Interest Received
¥1.0B
¥1.1B
¥974M
¥485M
¥357M
D&A
¥4.4B
¥4.4B
¥4.8B
¥4.5B
¥4.6B
Goodwill Amort.
¥148M
¥92M
¥62M
¥60M
¥107M
Investing CF
¥-8.2B
¥-15.0B
¥-14.5B
¥-13.2B
¥-7.5B
CapEx
¥10.1B
¥11.6B
¥12.7B
¥11.4B
¥4.4B
Purchase Investments
¥-235M
¥-11M
¥-884M
¥-8M
¥-514M
Proceeds from Invest.
¥4.4B
¥1.5B
¥289M
¥247M
¥53M
Financing CF
¥-4.2B
¥-2.0B
¥7.3B
¥3.1B
¥470M
Dividends Paid
¥-3.1B
¥-2.7B
¥-2.6B
¥-2.3B
¥-2.1B
LT Debt Repaid
¥-8.3B
¥-10.0B
¥-6.5B
¥-4.8B
¥-4.5B
Free Cash Flow
¥-1.3B
¥-4.2B
¥-3.8B
¥2.3B
¥3.2B
Net Change in Cash
¥-3.8B
¥-8.3B
¥2.9B
¥5.3B
¥1.5B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
7.3%
2.2%
7.9%
10.1%
12.8%
ROA
3.8%
1.2%
4.2%
5.5%
6.6%
EPS
¥291.70
¥84.29
¥286.85
¥334.30
¥377.82
DPS
¥104.00
¥89.00
¥84.00
¥78.00
¥70.00
BPS
¥4,170.42
¥3,847.43
¥3,754.80
¥3,481.61
¥3,139.55
FCF/Share
¥-40
¥-133
¥-120
¥74
¥100
NCAV/Share
¥880
¥877
¥1,215
¥1,275
¥1,136
Payout Ratio
35.7%
105.6%
29.3%
23.3%
18.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 10
Date Activist Stake Event Flag Demands Source
2026-03-23
FMR LLC
6.35%
change
Passive
—
2026-03-06
FMR LLC
6.35%
-0.38%
change
Passive
—
2025-11-21
FMR LLC
6.73%
-1.1%
change
Passive
—
2025-09-22
FMR LLC
7.83%
-0.56%
change
Passive
—
2025-09-05
FMR LLC
8.39%
-0.48%
change
Passive
—
2025-08-22
FMR LLC
8.87%
-1.07%
change
Passive
—
2024-03-25
FMR LLC
9.94%
-0.01%
change
Passive
—
2024-03-25
SMBC Nikko Securities Inc.
3.75%
-1.3%
change
Passive
—
2024-03-07
FMR LLC
9.95%
change
Passive
—
2024-03-07
SMBC Nikko Securities Inc.
5.05%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 11
#
Shareholder
Shares (thou.)
% of Total
1
村上 真之助
8,001
25.26%
2
丸紅株式会社
4,841
15.29%
3
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
2,301
7.27%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
1,400
4.42%
5
有限会社ファイブエム
1,052
3.32%
6
THE CHASE MANHATTAN BANK,N.A.LONDONSECS LENDING OMNIBUS ACCOUNT
873
2.76%
7
BBH FOR FIDELITY LOW-PRICED STOCK FUND (常任代理人株式会社三菱UFJ銀行)
685
2.16%
8
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
629
1.99%
9
株式会社SMBC信託銀行(株式会社三井住友銀行退職給付信託口)
610
1.93%
10
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
236
0.75%
Domestic Nominees
11.7%
+4.3% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.8%
-6.5% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
52.7%
+2.2% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
村上 真之助
25.29%
25.28%
25.28%
25.26%
-0.02%
丸紅
15.31%
15.30%
15.30%
15.29%
-0.01%
Japan Master Trust Bank
日本マスタートラスト信託銀行
6.79%
6.86%
7.34%
7.27%
-0.07%
Japan Custody Bank
日本カストディ銀行
NEW ENTRY
2.07%
2.14%
—
4.42%
NEW
限会社ファイブエム
3.44%
3.44%
3.44%
3.32%
-0.12%
THE CHASE MANHATTAN BANK,N.A.LONDONSECS LENDING OMNIBUS ACCOUNT
NEW ENTRY
—
—
—
—
2.76%
NEW
Fidelity
2.54%
2.51%
2.43%
2.16%
-0.27%
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
—
2.01%
2.10%
1.99%
-0.11%
三井住友銀行
1.93%
—
1.93%
1.93%
JP Morgan
2.56%
2.69%
2.19%
0.75%
-1.44%
Northern Trust
last seen 2025
Exited Top 10
3.93%
2.02%
3.59%
—
State Street
last seen 2025
Exited Top 10
—
—
1.46%
—
Mitsui & Co., Ltd.
三井物産
last seen 2024
Exited Top 10
2.23%
2.23%
—
—
Concentration (HHI)
ⓘ
973
963
973
976
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,910M
+26% since 2023
Holdings
11
+2 new
4 exited
Trend
1 unwinding
vs 2023
Held Company
FY2026
¥3,910M total
FY2023
¥3,097M total
Book Val ¥M
Shares
Book Val ¥M
Shares
伊藤ハム米久 ホールディングス㈱
2,548
-80.0%
↓
395,105
1,410
1,975,525
㈱ペッパー フードサービス
448
2,466,000
414
2,466,000
WATAMI CO.,LTD.
ワタミ㈱
292
NEW
New
300,000
—
エイチ・ツー・オーリテイリング㈱
247
+3.2%
↑
100,786
135
97,685
United Super Markets Holdings Inc.
ユナイテッド・スーパーマーケット・ホールディングス㈱
132
NEW
New
146,000
—
㈱G-7ホールディングス
60
40,000
57
40,000
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
55
+200.0%
↑
9,240
18
3,080
M
SHINPO㈱
46
37,400
46
37,400
M
LIFE CORPORATION
㈱ライフコーポレーション
36
+107.0%
↑
13,407
17
6,478
AMIYAKI TEI CO.,LDT.
㈱あみやき亭
35
+200.0%
↑
24,000
23
8,000
VALOR HOLDINGS CO.,LTD.
㈱バローホールディングス
11
3,000
5
3,000
Mitsui & Co., Ltd.
三井物産㈱
—
−100%
Exit
—
537
140,600
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
—
−100%
Exit
—
173
180,000
M
inageya co.,ltd.
㈱いなげや
—
−100%
Exit
—
136
100,000
M
㈱三光マーケティングフーズ
—
−100%
Exit
—
126
793,700
Portfolio total
3,910
3,097
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding